RBI governor speaks on microfinance regulation challenges
The governor of the Reserve Bank of India (RBI), Duvvuri Subbarao, delivered a speech on July 4 in which he reviewed problems caused by unregulated microfinance institutions (MFIs) and set out measures designed to address these issues.
Speaking at the Indian Overseas Bank platinum jubilee oration series in Chennai, the RBI governor said initial poor regulation of MFIs had led to allegations of "usurious interest rates, coercive recovery practices and multiple lending", but that the subsequent
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central Banking Awards 2024: fourth round announced
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Payments and market infrastructure development: Federal Reserve Systems’ FedNow